REI Lense

REI Lense

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$2,305 (target)

2904 Pitkin Dr, Arlington, TX 76006

3 beds • 2 baths • 1822 sqft

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This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $61,173 initial cash invested.

-9.63%

Cash On Cash

4.47%

Cap Rate

0.74

DSCR

$2,305

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $2,796 expenses = $491 out of pocket

Income$2,305Out of Pocket$491Mortgage P&I$1,46063%Property Taxes$63327%Insurance$1055%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,173

Downpayment

20%

$58,260

Closing costs

1%

$2,913

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$2,796

Mortgage P&I

63%

$1,460

Property Taxes

27%

$633

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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